Sri Lanka eases rules on foreign investments


The Central Bank of Sri Lanka on Tuesday announced a relaxation of the country's regulations on foreign investments in local firms and on foreign loans taken out by domestic firms.

Under the new rules, foreigners can invest in corporate debentures raised by local companies free from the previous ceiling that was imposed on the interest rate of the debentures. The requirement for the maintenance of a sinking fund by the issuing company was also removed by the central bank. Finally, the minimum te

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